The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
April 18, 2023NEW MOTOR VEHICLE SALES, FEBRUARY 2023 Year-to-date (Jan-Feb 2023 vs Jan-Feb 2022, unadjusted)
In the first two months of 2023, Nova Scotia's new motor vehicle unit sales increased 0.3% when compared to the same period in 2022. The 4,763 new motor vehicles sold had a sales value of $232.525 million up 13.7% from January- February 2022.
National new motor vehicles unit sales increased 5.3%. Canada's 213,161 new motor vehicles sold in January 2023 represent a sales value of $11,925.2 billion, up 18.6% from January-February 2022.
Unit sales were up in all provinces with the exception of Quebec and British Columbia. Manitoba posted the largest increase in unit sales while Nova Scotia recorded the smallest gain.
Sales values were up in all provinces in the first two months of 2023. The largest increase was in Manitoba and the smallest gain was in British Columbia.
Year-to-date gain in unit sales and in sales values was driven by gains in trucks/SUVs and for North American manufacturers. Unit sales for passenger cars and for overseas manufacturers were down in January-February from a year ago. Sales values were up for passanger cars and trucks/SUVs as well as for both North American and overseas manufacturers.
Trucks and SUVs make up the bulk of the market in Nova Scotia. In February 2023, trucks/SUVs accounted for 84.5% of vehicles sold in Nova Scotia and 87.5% of sales values.
North American manufacturers accounted for 72.5% of unit sales and 75.3% of sales values in Nova Scotia in February 2023.
Year-over-year (February 2023 vs February 2022, unadjusted)
Compared with February 2022, Nova Scotia unit sales of new vehicles were down 0.1%. National unit sales were up 3.7% with gains in six provinces. Manitoba recorded the largest gain while Quebec posted the largest decline in unit sales compared to a year ago.
The sales values of new vehicles increased 13.6% in Nova Scotia from February 2022 to February 2023. National sales values were up 16.6% with gains in all provinces. Prince Edward Island recorded the largest gain while Quebec posted the lowest.
December, January and February are typically slower months for unit sales and sales values of cars. Nova Scotia's unit sales were on par with February 2022 but lower than levels typically reported in this month in prior years.
Nova Scotia sales values were up from February 2022 and higher than reported for this month in most prior years (except 2021).
Across Canada, national unit sales were up compared the same month in the previous year but were below levels from the same month in the years prior to the pandemic.
National sales values for February 2023 were higher than the same time in previous years.
Average Prices
The average sale price of a new motor vehicle in Nova Scotia was up 13.4% in the first two months of 2023 when compared to the same period in 2022. National average prices were up 12.6% with increases in all provinces led by Prince Edward Island.
The average unit price of a new motor vehicle in Nova Scotia was $48,819 in the first two months of 2023. This was the third lowest among provinces (ahead of Prince Edward Island and Newfoundland and Labrador). The national average unit price for a new motor vehicle was $55,945 with the highest value in Alberta.
In January-February 2023, average prices were notably higher for trucks/SUVs than for passenger cars. Average prices were also higher for North American manufacturers than for overseas manufacturers.
Source: Statistics Canada. Table 20-10-0001-01 New motor vehicle sales
<--- Return to Archive
